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What are the branches of commerce?

trade and aids to trade
September 18, 2011


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Commerce refers to activities connected with transferring goods from manufacturers to consumers. Branches of commerce include trade, transport, banking, insurance warehousing, advertising and communication.

Thus commerce has a wider connotation than trade. Trade means buying and selling goods. Wholesale traders buy goods from the manufacturers or from other wholesale traders, and sell them to retail traders or other wholesale traders, while retail traders sell goods to the
consumers.

Commerce ensures the smooth flow of goods from the producer to the user with the help of aids to trade. The aids to trade consist of transport, banking, insurance warehousing, advertising and communication. The two main aspects of commerce are trade and aids to trade.

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